SAN DIEGO--(BUSINESS WIRE)--Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) announced today that a special meeting of Ligand’s stockholders will be held on February 12, 2007 to vote on approval of the sale of AVINZA and related assets to King Pharmaceuticals, Inc., and amendments to the company’s stock incentive plan. In connection with the pending sale of AVINZA to King Pharmaceuticals, Inc., Ligand filed with the Securities and Exchange Commission a definitive proxy statement on January 24, 2007. The Company has set January 23, 2007 as the record date for determining stockholders entitled to notice of and to vote at the special meeting. Full details of the meeting and the items to be voted on can be found in the proxy statement, which will also be mailed to stockholders. Stockholders and investors can also obtain free copies of these materials and other documents filed with the SEC at the SEC’s website at: www.sec.gov or on Ligand’s Investor Relations page at: www.ligand.com.
